Report: California’s ‘Other Big One’ Could Cause $300B in Damages

 Monday, January 17, 2011

 Insurance Journal

California could be subject to a powerful series of storms, capable of costing $300 billion in damages — three times as much as a severe earthquake in the southern part of the state, according to a new report by the U.S. Geological Survey. The “ARkStorm Scenario,” prepared by USGS and released at the ARkStorm Summit in Sacramento this week, combines pre-historical geologic flood history in California with...
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